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of <h1>Section 84 of Companies Act, 1956: Rules on Issuing, Renewing, and Duplicating Share Certificates; Penalties for Fraud.</h1> Section 84 of the Companies Act, 1956, addresses the issuance and management of share certificates. A share certificate, under the company's common seal, serves as prima facie evidence of a member's title to shares. Certificates can be renewed or duplicated if lost, destroyed, defaced, or mutilated. Fraudulent renewal or duplication by a company is punishable by fines and potential imprisonment for responsible officers. The procedures for issuing or renewing certificates, including form, register entries, fees, and conditions, are prescribed by regulations, overriding any contrary provisions in a company's articles of association.
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